12 Things you need to do during Retirement.-Odunze Reginald C

Now that you have retired and have collected your benefit, you must do the following:

1 Invest your money: Investment is the key to survival in life , pension is not an exception, the retire need to invest his fund profitable.

2 Be in tune with your partner , do not marry another wife or husband :But the most devastating of all these fraud is the one targeting on Retirees, experience has shown that old people are like children, and it becomes worse when such people are single, may be due to fate or unnecessary selection, they missed out on their life partner.

In an article in Yahoo Finance captioned “7 ways to Retire happy” Mandi Woodruff observed that “Happy retirees are more likely to be married” As common as divorce is in the U.S. today, the overwhelming majority of happy retirees were married (76%) and only 9% were divorced. Less than half of unhappy retirees were married, while one-quarter were divorced, Wes Moss found. This is right on par with what past research has shown about levels of satisfaction in married and unmarried people — over the long term, married couples are much happier. It’s fairly obvious why two may be better than one in this scenario — dual incomes can make a huge difference in a couple’s financial outlook. On the flip side, divorce not only reduces both parties’ income but is also expensive to go through. 

3 Avoid your young lovers as they are targeting your money Most retirees end up using retirement money in marrying new wives and procuring new cars. By so doing they attract people’s attention to their life, they also end up having issues with their immediate family especially their first wife who now feels alienated, even though they not know that marrying a  new wife set aside the existing will, if there was no update of the previous will.

4 Avoid high risk income yielding investment: The retiree should high risk investments instrument though they may yield high income a shorter period of time but they can also go down the drain within the shortest period of time

5 Check your health regularly: Health is wealth, and all gone without health, as a retiree endeavor to check health regularly to avoid medical issues etc

6 Avoid financial scam According Sheiresa Ngo of the wall street journal , she noted that “Unfortunately, seniors are often the targets of financial scams. The FTC recently refunded more than $2.4 million to investors who were tricked out of millions of dollars in a precious metals scheme. The FTC says many of the victims were senior citizens”

7 Be busy , with one vocation or the other,  you may even work  , do something even if  it means joining a volunteer group, Start kick starting a business or a vocation that will keep you busy during retirement; a recent Merrill Lynch survey found that nearly three out of four people over 50 said their ideal retirement would include working. Which is fine. Staying connected to the work world in some way can not only offer financial benefits, it can also keep retirees more active and socially engaged”

8 Start adjusting your life toward old age and start shedding harmful habits: Harmful habits are injurious to life, they include, a life of smoking, drinking and other related life pattern that affects ones health and life, it should be noted that one of the serious bills affecting senior citizen is increasing medical bills, as old age has with it issues pertaining to health and medical wellness.

9 Avoid expensive areas, states or location: Research and experience has shown that some states, regions, locations are more expensive than the others. it is good the retiree lives in a less expensive city.

10 Network with other Retirees: Network is the in thing , it’s good for the retiree to network with his colleagues, friends and associates, because according to Achebe, the actual sharing of one’s thought and deepest hope fulfilled and drive people to happiness.

11 Check your investments, pension pot regularly and ascertain if it is growing or not, investment should be thoroughly monitored so that if things are about going wrong, the investment can be move to other profitable areas.

12 Be in tune with your God and pray regularly , develop a special relationship with your God: Nothing is more important than an existing good relationship with your maker, there is inner sense of joy and happiness when you are in tune with God.